I am using Time Capsule to store my photos. The catalogs folder is on my laptop because LR4 cannot store catalogs on remote drives.

Suppose I transfer the photos to another drive, or I change laptop, or both. Assuming the relative path of the Photos does not change, will I be able to tell LR4 where the photos are, or will it get confused? I wouldn't wanna lose all the processing I've done on such photos.